Property profile

0 Carter St Okolona, MS 38860

OFF-MARKET
Land
13 ac lot
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Property summary

AI-generated overview

This exceptional 13-acre industrial land parcel presents a compelling investment opportunity in Okolona, Mississippi. Located off S. Carter Street, this property boasts 370 feet of road frontage, providing excellent accessibility. The land is zoned for industrial use, making it ideal for a variety of commercial ventures. City utilities, including water and sewer, are readily available. A shared small pond is a unique feature of this property. The location offers convenient access to Tupelo and West Point, both approximately 30 minutes away. Note that an adjacent, similarly sized 13-acre parcel is also available for purchase, offering the potential to acquire a combined 26 acres. The asking price for this specific 13-acre tract is $78,000, translating to $6,000 per acre. This represents a strong value proposition for industrial development in a strategically located area. The property's industrial zoning ensures flexibility for various uses, while its proximity to major transportation routes enhances its appeal. The availability of city utilities simplifies development plans, minimizing upfront infrastructure costs. The potential for expansion by acquiring the adjacent parcel adds further investment appeal. This property is ready for immediate development or long-term holding.

Property profile

Verified
Property type Land
Lot 13 ac (566,280 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Carter St Okolona, MS 38860
Okolona metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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